RWAY

Interested in Runway Growth Finance Corp.? Here are five stocks we like better. Q1 earnings weakened as total investment income slipped to $29.5 million and net investment income fell to $10.6 million, pressured by repayments, slower originations, and two loans moved to non-accrual status. NAV declined materially, with net asset value per share dropping 9.6% to $12.13 and the portfolio’s fair value falling to $886.3 million; management said fair-value markdowns were driven mainly by multiple compression and watchlist names like Blueshift and Marley Spoon. The SWK transaction is expected to reshape growth, boosting pro forma portfolio size to $1.1 billion and increasing healthcare/life sciences exposure, with the acquired portfolio expected to add to EPS in Q2 and become fully accretive in Q3. Runway Growth Finance (NASDAQ:RWAY) reported lower first-quarter investment income and net investment income as portfolio repayments, slower originations ahead of the SWK transaction closing and new non-accrual loans weighed on results. The business development company generated total investment income of $29.5 million for the quarter ended March 31, 2026, down from $30 million in the fourth quarter of 2025. Net investment income fell to $10.6 million from $11.6 million in the prior quarter, according to Chief Financial Officer and Chief Operating Officer Tom Raterman. → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% Runway delivered net investment income of $0.29 per share and paid a base dividend of $0.33 per share. Raterman said the company had spillover income of approximately $0.65 per share at quarter-end. The board declared a regular second-quarter distribution of $0.33 per share. “With respect to the dividend, we believe that it's currently set at an appropriate level,” Raterman said. “We are committed to delivering for our shareholders, and our board continues to evaluate future distributions with the goal of maintaining consistency while maximizing returns.” → Light Speed Returns: Corning Cashes In on NVIDIA Growth Runway’s total investment portfolio had a fair value of $886.3 million at the end of the quarter, down 4.4% from $927.4 million at the end of the fourth quarter. Net assets declined to $438.2 million from $485 million, while net asset value per share fell 9.6% to $12.13 from $13.42. Raterman said a subsequent NAV per share figure o...

Delivered Total and Net Investment Income of $29.5 million and $10.6 million, Respectively Investment Portfolio of $886.3 million Conference Call Today, Thursday, May 7, 2026 at 5:00 p.m. ET MENLO PARK, Calif., May 07, 2026 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced its financial results for the first quarter ended March 31, 2026. First Quarter 2026 Highlights Total investment portfolio of $886.3 million at fair value Total investment income of $29.5 million Net investment income of $10.6 million, or $0.29 per share Net asset value of $438.2 million, or $12.13 per share Dollar-weighted annualized yield on debt investments of 14.2% Four investments completed in new and existing portfolio companies, representing $17.6 million in funded investments Aggregate proceeds of $15.0 million in principal prepayments, $1.9 million from scheduled amortizations, and $2.5 million in sale proceeds from equity Second Quarter 2026 Distributions Declared second quarter 2026 dividend of $0.33 per share “In the first quarter, Runway Growth focused on the close and integration of the SWK Holdings acquisition, while navigating a volatile macroeconomic backdrop,” said David Spreng, Founder and CEO of Runway Growth. “With the transaction now complete, we are well positioned to selectively capitalize on opportunities and expand our exposure to leading healthcare and life sciences companies. Today, we also announced a new $15 million share repurchase authorization, which we expect to utilize as we believe our shares present an extremely compelling value relative to the outlook of the business.” First Quarter 2026 Operating Results Total investment income for the quarter ended March 31, 2026 was $29.5 million, compared to $35.4 million for the quarter ended March 31, 2025. The Company's dollar-weighted annualized yield on average debt investments for the quarter ended March 31, 2026 was 14.2%. The Company calculates the yield on dollar-weighted debt investments for any period measured as (1) total investment-related income during the period divided by (2) the daily average of the fair value of debt investments, including investments on non-accrual status, outstanding during the period. Tota...

Runway Growth Finance Corp. (RWAY) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -7.44%. A quarter ago, it was expected that this company would post earnings of $0.36 per share when it actually produced earnings of $0.32, delivering a surprise of -11.11%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Runway Growth Finance Corp., which belongs to the Zacks Financial - SBIC & Commercial Industry industry, posted revenues of $29.45 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.14%. This compares to year-ago revenues of $35.4 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Runway Growth Finance Corp. shares have lost about 23.7% since the beginning of the year versus the S&P 500's gain of 7.6%. While Runway Growth Finance Corp. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Runway Growth Finance Corp. was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market...

For the quarter ended March 2026, Runway Growth Finance Corp. (RWAY) reported revenue of $29.45 million, down 16.8% over the same period last year. EPS came in at $0.29, compared to $0.42 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $29.79 million, representing a surprise of -1.14%. The company delivered an EPS surprise of -7.44%, with the consensus EPS estimate being $0.31. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Runway Growth Finance Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Investment income- From non-control/non-affiliate- Interest income: $23.59 million versus the two-analyst average estimate of $25.28 million. Investment income- From non-control/non-affiliate- Dividend income: $0.25 million versus $0.25 million estimated by two analysts on average. Investment income- From non-control/non-affiliate- Payment in-kind interest income: $4.63 million versus $4.26 million estimated by two analysts on average. View all Key Company Metrics for Runway Growth Finance Corp. here>>> Shares of Runway Growth Finance Corp. have returned +3.2% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Runway Growth Finance Corp. (RWAY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Image source: The Motley Fool. Thursday, May 7, 2026 at 5:00 p.m. ET Chief Executive Officer and Chief Investment Officer — David Spreng Chief Financial Officer and Chief Operating Officer — Thomas B. Raterman Senior Vice President, Finance and Accounting — Carmela Thompson David Spreng, chief executive officer and chief investment officer of Runway Growth Capital LLC, our investment adviser, Thomas B. Raterman, chief financial officer and chief operating officer, and Carmela Thompson, our senior vice president, finance and accounting. Runway Growth Finance Corp.'s first quarter 2026 financial results were released just after today's market close and can be accessed from Runway Growth Finance Corp.'s investor relations website at investors.runwaygrowth.com. We have arranged for a replay of the call to be available on the Runway Growth Finance Corp. web page. During this call, I want to remind you that we may make forward-looking statements based on current expectations. The statements on this call that are not purely historical are forward-looking statements. These forward-looking statements are not a guarantee of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements, including, without limitation, market conditions caused by uncertainties surrounding interest rates, changing economic conditions, and other factors we identify in our filings with the SEC. Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions can prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions can be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained on this call are made as of the date hereof, and Runway Growth Finance Corp. assumes no obligation to update the forward-looking statements or events. To obtain copies of SEC-related filings, please visit our website. With that, I will turn the call over to David. David Spreng: Thank you, Quinlan, and thank you, everyone, for joining us this evening to discuss our first quarter 2026 results. Today, I will highlight notable developments from the quarter, provide an update on recent leadership appointments, and offer additiona...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. The closing of the SWK transaction marks a milestone in diversifying the portfolio, specifically increasing Healthcare and Life Sciences exposure to 32% of fair value. Management intentionally slowed new investment evaluations during the quarter to focus on integrating the SWK portfolio and post-transaction balance sheet. A series of leadership changes were announced, including Tom Raterman transitioning to Vice Chairman and Carmela Thomson becoming CFO, to align with the firm's next phase of growth. The software investment thesis remains constructive, focusing on late-stage businesses with mission-critical functions and high switching costs that can leverage AI for operational optimization. Performance attribution for the quarter was impacted by elevated prepayments in late 2025 and slower originations ahead of the SWK deal close. Management asserts that broader credit metrics show stability despite macro headwinds, with default rates remaining at manageable levels across the industry. The SWK portfolio is expected to contribute approximately $0.03 per share to NII in Q2, though this will be more than offset by a $0.06 per share headwind from new nonaccruals. Management expects the SWK acquisition to be fully accretive to earnings per share by the third quarter of 2026. A new $15 million share repurchase program has been authorized through May 2027, to be partially funded by upcoming loan repayments. The firm plans to be highly selective in capitalizing on a robust pipeline across technology, healthcare, and consumer sectors following the integration of SWK. Future capital allocation will balance share repurchases at current NAV discounts against new investments that offer the best risk-return trade-offs. Two loans, Marley Spoon and BlueShift, were moved to Category 5 and nonaccrual status, which was the primary driver for the weighted average risk rating increase to 2.67. NAV per share decreased to $12.13 at quarter end, impacted by market multiple declines and specific marks on watchlist names; subsequent to quarter end, the NAV further decreased to $11.93 due to approximately $7.7 million in estimated SWK transaction costs. The company recorded approximately $0.02 to $0.03 per share in one-time deferred...

MENLO PARK, Calif., May 06, 2026 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that its Board of Directors has declared a second quarter 2026 cash distribution of $0.33 per share. The following shows the key dates of the second quarter 2026 dividend: Declaration Date: May 5, 2026 Record Date: May 18, 2026 Payment Date: June 2, 2026 Runway Growth generally intends to distribute, out of assets legally available for distribution, substantially all of its available earnings, on a quarterly basis, subject to the discretion of the Board of Directors. Any distribution by the Company will depend on the Company's earnings, financial condition, maintenance of regulated investment company status for income tax purposes, compliance with applicable business development company regulations and such other factors as the Board of Directors may deem relevant from time to time. The Company also maintains an “opt out” dividend reinvestment plan, as amended, for its stockholders. As a result, if the Company declares a distribution, then stockholders who have not opted out of the dividend reinvestment plan will have their cash dividends automatically reinvested in additional shares of the Company’s common stock. About Runway Growth Finance Corp. Runway Growth is a specialty finance company focused on providing flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. Runway Growth is a closed-end investment fund that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Runway Growth is externally managed by Runway Growth Capital LLC, an affiliate of BC Partners Advisors L.P., and led by industry veteran David Spreng. For more information, please visit www.runwaygrowth.com. Forward-Looking Statements Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and...

MENLO PARK, Calif., April 15, 2026 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY), (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that it will release its first quarter 2026 financial results after market close on Thursday, May 7, 2026. Runway Growth will discuss its financial results on a conference call that day at 2:00 p.m. PT (5:00 p.m. ET). To participate in the conference call or webcast, participants should register online at the Runway Growth Investor Relations website. Participants are requested to register a day in advance or at a minimum 15 minutes before the start of the call. The earnings call can also be accessed through the following links: Conference Call Webcast A replay of the webcast will be available two hours after the call and archived on the same web page for 90 days. About Runway Growth Finance Corp. Runway Growth is a specialty finance company focused on providing flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. Runway Growth is a closed-end investment fund that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Runway Growth is externally managed by Runway Growth Capital LLC, an affiliate of BC Partners Advisors L.P., and led by industry veteran David Spreng. For more information, please visit www.runwaygrowth.com. Forward-Looking Statements Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in forward-looking statements as a result of a number of factors, including those described from time to time in Runway Growth’s filings with the Securities and Exchange Commission. Runway Growth undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. IR Contacts Taylor Donahue, Prosek Partners, r...

Closed Acquisition of SWK Holdings Corporation, Expanding Healthcare and Life Sciences Exposure and Scaling Platform Completed Four Investments in New and Existing Portfolio Companies Representing $17.6 Million in Funded Investments MENLO PARK, Calif., April 07, 2026 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY), (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that it has completed its previously announced acquisition of SWK Holdings Corporation (“SWK” or “SWK Holdings”). Additionally, the Company today provided an operational and portfolio update for the quarter ended March 31, 2026, as well as an update on investment team changes. Runway Growth’s Founder and CEO David Spreng said, “We are pleased to announce the successful closing of our acquisition of SWK, which represents a meaningful step forward in advancing our ongoing portfolio optimization and diversification strategy. This transaction enhances our scale, deepens our investment capabilities in healthcare and life sciences, and further diversifies our portfolio. Notably, our investment adviser committed an additional $9.0 million in cash as consideration to the stockholders of SWK, highlighting the team’s confidence in the strength of our platform against the current macro backdrop, as well as its alignment with the BDC and its shareholders. Looking ahead, we believe we are well positioned to build on our diversified portfolio and capitalize on an improving opportunity set across verticals.” Acquisition of SWK Holdings Corporation Runway Growth’s acquisition of SWK, a life science focused specialty finance company that provides minimally dilutive financing to small- and mid-sized commercial-stage healthcare companies, closed on April 6, 2026. The final purchase price for the transaction was $249.0 million, including $75.5 million in Runway Growth shares valued at closing NAV per share of $11.93 and $173.5 million in cash. The acquisition is expected to be accretive to net investment income and enhance the Company’s earnings power, supporting improved dividend coverage and long-term return potential. As previously disclosed, the total merger consideration was determined based on SWK’s final NAV, which was struck 48 hours prior to closing (excluding Sundays...

Image source: The Motley Fool. Thursday, March 12, 2026 at 5 p.m. ET Chief Executive Officer — David R. Spreng Chief Investment Officer, Runway Growth Capital LLC — Greg Greifeld Chief Financial Officer and Chief Operating Officer — Thomas B. Raterman Need a quote from a Motley Fool analyst? Email [email protected] David R. Spreng, Chief Executive Officer; Greg Greifeld, Chief Investment Officer of Runway Growth Capital LLC, our investment adviser; and Thomas B. Raterman, Chief Financial Officer and Chief Operating Officer. Runway Growth Finance Corp.'s fourth quarter and fiscal year ended 2025 financial results were released just after today's market close and can be accessed from Runway Growth Finance Corp.'s investor relations website at investors.runwaygrowth.com. We have arranged for a replay of the call to be available on the Runway Growth Finance Corp. web page. During this call, I want to remind you that we may make forward-looking statements based on current expectations. The statements on this call that are not purely historical are forward-looking statements. These forward-looking statements are not a guarantee of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements, including, without limitation, market conditions caused by uncertainties surrounding interest rates, changing economic conditions, and other factors we identify in our filings with the SEC. Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions can prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions can be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained on this call are made as of the date hereof, and Runway Growth Finance Corp. assumes no obligation to update the forward-looking statements or subsequent events. To obtain copies of SEC-related filings, please visit our website. With that, I will turn the call over to David. Thank you, Quinlan, and thanks, everyone, for joining us. David R. Spreng: Good evening to discuss our fourth quarter and full year 2025 financial results. Today, I will discuss our highlights for the quarter and the year and provide an update on ou...

Management attributed 2025 performance to a disciplined investment approach during a year of high volatility driven by tariff uncertainty, interest rate shifts, and AI disruption. The company is actively transitioning toward a lower-risk profile by reducing average position sizes and increasing sector diversification to enhance risk-adjusted returns. The pending acquisition of SWK Holdings is a central strategic pivot to strengthen capabilities in health care and life sciences, providing optionality beyond the core technology focus. Management maintains high conviction in its software portfolio, emphasizing that their underwriting focuses on mission-critical functions with high switching costs and AI-resilient business models. Operational integration with the BC Partners credit ecosystem has expanded the deal funnel, allowing for larger-scale opportunities and shared resources in portfolio monitoring. The company is prioritizing first-lien senior secured positions to late-stage companies to ensure durable growth and capital preservation across economic cycles. The SWK Holdings transaction is now expected to close in early April 2026, which management anticipates will stabilize the asset base against elevated prepayments. Q1 2026 earnings are expected to face a $0.02 per share headwind due to one-time charges from the full redemption of 8% notes and partial redemption of 7.5% notes. Management projects the SWK deal will be accretive to net investment income in the mid-single digits and support modest ROE expansion upon closing. The company plans to target a fully levered run rate between 1.2x and 1.3x post-acquisition, with flexibility to temporarily exceed this to protect earnings power during portfolio resets. The first distribution from the CADMA joint venture is expected in Q2 2026, signaling a renewed effort to scale that partnership's earnings contribution. A one-time charge is anticipated in Q1 2026 related to the strategic refinancing of unsecured notes to extend the debt maturity ladder and reduce the cost of funds. The loan to Domingo Healthcare remains the sole non-accrual item, representing only 0.25% of the total investment portfolio at fair value. Stock repurchases were legally restricted during Q4 due to the pending SWK acquisition and associated blackout periods, with a potential restart in May 2026. The weighted average portfolio risk rating...